Indian Accounting Standard (Ind AS) 24

Related Party Disclosures

(This Indian Accounting Standard includes paragraphs set in bold type and plain type,
which have equal authority. Paragraphs in bold type indicate the main principles.)
Objective

7KH REMHFWLYH RI WKLV 6WDQGDUG LV WR HQVXUH WKDW DQ HQWLW\V QDQFLDO VWDWHPHQWV FRQWDLQ WKH
GLVFORVXUHV QHFHVVDU\ WR GUDZ DWWHQWLRQ WR WKH SRVVLELOLW\ WKDW LWV QDQFLDO SRVLWLRQ DQG SURW
RU ORVV PD\ KDYH EHHQ DHFWHG E\ WKH H[LVWHQFH RI UHODWHG SDUWLHV DQG E\ WUDQVDFWLRQV DQG
RXWVWDQGLQJ EDODQFHV LQFOXGLQJ FRPPLWPHQWV ZLWK VXFK SDUWLHV
Scope
2
This Standard shall be applied in:
(a)

identifying related party relationships and transactions;

(b)

identifying outstanding balances, including commitments, between an entity

and its related parties;

(c)

identifying the circumstances in which disclosure of the items in (a) and (b)
is required; and

(d)

determining the disclosures to be made about those items.

This Standard requires disclosure of related party relationships, transactions and

outstanding balances, including commitments, in the consolidated and separate
QDQFLDO VWDWHPHQWV RI D SDUHQW RU LQYHVWRUV ZLWK MRLQW FRQWURO RI RU VLJQLFDQW
LQXHQFH RYHU DQ LQYHVWHH SUHVHQWHG LQ DFFRUGDQFH ZLWK ,QG $6  Consolidated
Financial Statements RU ,QG $6  Separate Financial Statements. This Standard
DOVR DSSOLHV WR LQGLYLGXDO QDQFLDO VWDWHPHQWV



5HODWHG SDUW\ WUDQVDFWLRQV DQG RXWVWDQGLQJ EDODQFHV ZLWK RWKHU HQWLWLHV LQ D JURXS DUH
GLVFORVHG LQ DQ HQWLW\V ILQDQFLDO VWDWHPHQWV ,QWUDJURXS UHODWHG SDUW\ WUDQVDFWLRQV DQG
RXWVWDQGLQJ EDODQFHV DUH HOLPLQDWHG H[FHSW IRU WKRVH EHWZHHQ DQ LQYHVWPHQW HQWLW\ DQG LWV
VXEVLGLDULHV PHDVXUHG DW IDLU YDOXH WKURXJK SURW RU ORVV LQ WKH SUHSDUDWLRQ RI FRQVROLGDWHG
QDQFLDO VWDWHPHQWV RI WKH JURXS

$

5HODWHG SDUW\ GLVFORVXUH UHTXLUHPHQWV DV ODLG GRZQ LQ WKLV 6WDQGDUG GR QRW DSSO\ LQ
FLUFXPVWDQFHV ZKHUH SURYLGLQJ VXFK GLVFORVXUHV ZRXOG FRQLFW ZLWK WKH UHSRUWLQJ HQWLW\V
GXWLHV RI FRQGHQWLDOLW\ DV VSHFLFDOO\ UHTXLUHG LQ WHUPV RI D VWDWXWH RU E\ DQ\ UHJXODWRU RU
VLPLODU FRPSHWHQW DXWKRULW\

%

,Q FDVH D VWDWXWH RU D UHJXODWRU RU D VLPLODU FRPSHWHQW DXWKRULW\ JRYHUQLQJ DQ HQWLW\
SURKLELWV WKH HQWLW\ WR GLVFORVH FHUWDLQ LQIRUPDWLRQ ZKLFK LV UHTXLUHG WR EH GLVFORVHG DV SHU
WKLV 6WDQGDUG GLVFORVXUH RI VXFK LQIRUPDWLRQ LV QRW ZDUUDQWHG )RU H[DPSOH EDQNV DUH
REOLJHG E\ ODZ WR PDLQWDLQ FRQGHQWLDOLW\ LQ UHVSHFW RI WKHLU FXVWRPHUV WUDQVDFWLRQV DQG
WKLV 6WDQGDUG ZRXOG QRW RYHUULGH WKH REOLJDWLRQ WR SUHVHUYH WKH FRQGHQWLDOLW\ RI FXVWRPHUV
GHDOLQJV

Purpose of related party disclosures


5HODWHG SDUW\ UHODWLRQVKLSV DUH D QRUPDO IHDWXUH RI FRPPHUFH DQG EXVLQHVV )RU H[DPSOH
HQWLWLHV IUHTXHQWO\ FDUU\ RQ SDUWV RI WKHLU DFWLYLWLHV WKURXJK VXEVLGLDULHV MRLQW YHQWXUHV DQG
DVVRFLDWHV ,Q WKRVH FLUFXPVWDQFHV WKH HQWLW\ KDV WKH DELOLW\ WR DHFW WKH QDQFLDO DQG
RSHUDWLQJ SROLFLHV RI WKH LQYHVWHH WKURXJK WKH SUHVHQFH RI FRQWURO MRLQW FRQWURO RU VLJQLFDQW
LQXHQFH


$ UHODWHG SDUW\ UHODWLRQVKLS FRXOG KDYH DQ HHFW RQ WKH SURW RU ORVV DQG QDQFLDO SRVLWLRQ
RI DQ HQWLW\ 5HODWHG SDUWLHV PD\ HQWHU LQWR WUDQVDFWLRQV WKDW XQUHODWHG SDUWLHV ZRXOG QRW )RU
H[DPSOH DQ HQWLW\ WKDW VHOOV JRRGV WR LWV SDUHQW DW FRVW PLJKW QRW VHOO RQ WKRVH WHUPV WR

DQRWKHU FXVWRPHU $OVR WUDQVDFWLRQV EHWZHHQ UHODWHG SDUWLHV PD\ QRW EH PDGH DW WKH VDPH
DPRXQWV DV EHWZHHQ XQUHODWHG SDUWLHV


7KH SURW RU ORVV DQG QDQFLDO SRVLWLRQ RI DQ HQWLW\ PD\ EH DHFWHG E\ D UHODWHG SDUW\
UHODWLRQVKLS HYHQ LI UHODWHG SDUW\ WUDQVDFWLRQV GR QRW RFFXU 7KH PHUH H[LVWHQFH RI WKH
UHODWLRQVKLS PD\ EH VXFLHQW WR DHFW WKH WUDQVDFWLRQV RI WKH HQWLW\ ZLWK RWKHU SDUWLHV )RU
H[DPSOH D VXEVLGLDU\ PD\ WHUPLQDWH UHODWLRQV ZLWK D WUDGLQJ SDUWQHU RQ DFTXLVLWLRQ E\ WKH
SDUHQW RI D IHOORZ VXEVLGLDU\ HQJDJHG LQ WKH VDPH DFWLYLW\ DV WKH IRUPHU WUDGLQJ SDUWQHU
$OWHUQDWLYHO\ RQH SDUW\ PD\ UHIUDLQ IURP DFWLQJ EHFDXVH RI WKH VLJQLILFDQW LQIOXHQFH RI
DQRWKHUIRU H[DPSOH D VXEVLGLDU\ PD\ EH LQVWUXFWHG E\ LWV SDUHQW QRW WR HQJDJH LQ UHVHDUFK
DQG GHYHORSPHQW



)RU WKHVH UHDVRQV NQRZOHGJH RI DQ HQWLW\V WUDQVDFWLRQV RXWVWDQGLQJ EDODQFHV LQFOXGLQJ
FRPPLWPHQWV DQG UHODWLRQVKLSV ZLWK UHODWHG SDUWLHV PD\ DHFW DVVHVVPHQWV RI LWV RSHUDWLRQV
E\ XVHUV RI QDQFLDO VWDWHPHQWV LQFOXGLQJ DVVHVVPHQWV RI WKH ULVNV DQG RSSRUWXQLWLHV IDFLQJ
WKH HQWLW\

'HQLWLRQV

7KH IROORZLQJ WHUPV DUH XVHG LQ WKLV 6WDQGDUG ZLWK WKH PHDQLQJV VSHFLHG


$ related party is a person or entity that is related to the entity that is preparing
LWV QDQFLDO VWDWHPHQWV LQ WKLV 6WDQGDUG UHIHUUHG WR DV WKH UHSRUWLQJ HQWLW\
D $ SHUVRQ RU D FORVH PHPEHU RI WKDW SHUVRQV IDPLO\ LV UHODWHG WR D UHSRUWLQJ
entity if that person:
(i)

has control or joint control of the reporting entity;

LL KDV VLJQLFDQW LQXHQFH RYHU WKH UHSRUWLQJ HQWLW\ RU

(iii) is a member of the key management personnel of the reporting entity or
of a parent of the reporting entity.
E $Q HQWLW\ LV UHODWHG WR D UHSRUWLQJ HQWLW\ LI DQ\ RI WKH IROORZLQJ FRQGLWLRQV
applies:
(i)

The entity and the reporting entity are members of the same group
(which means that each parent, subsidiary and fellow subsidiary is related
to the others).

(ii)

One entity is an associate or joint venture of the other entity (or an

associate or joint venture of a member of a group of which the other
entity is a member).

(iii) Both entities are joint ventures of the same third party.
(iv) One entity is a joint venture of a third entity and the other entity is an
associate of the third entity.
Y 7KH HQWLW\ LV D SRVWHPSOR\PHQW EHQHW SODQ IRU WKH EHQHW RI HPSOR\HHV
of either the reporting entity or an entity related to the reporting entity.
,I WKH UHSRUWLQJ HQWLW\ LV LWVHOI VXFK D SODQ WKH VSRQVRULQJ HPSOR\HUV DUH
also related to the reporting entity.
YL 7KH HQWLW\ LV FRQWUROOHG RU MRLQWO\ FRQWUROOHG E\ D SHUVRQ LGHQWLHG LQ D
YLL $ SHUVRQ LGHQWLHG LQ DL KDV VLJQLFDQW LQXHQFH RYHU WKH HQWLW\ RU LV
a member of the key management personnel of the entity (or of a parent
of the entity).
(viii) The entity, or any member of a group of which it is a part, provides key
management personnel services to the reporting entity or to the parent
of the reporting entity.


$ related party transaction is a transfer of resources, services or obligations

between a reporting entity and a related party, regardless of whether a price is
charged.

Close members of the family of a person are those family members who may be
H[SHFWHG WR LQXHQFH RU EH LQXHQFHG E\ WKDW SHUVRQ LQ WKHLU GHDOLQJV ZLWK WKH
entity including:
D WKDW SHUVRQV FKLOGUHQ VSRXVH RU GRPHVWLF SDUWQHU EURWKHU VLVWHU IDWKHU DQG
mother;
E FKLOGUHQ RI WKDW SHUVRQV VSRXVH RU GRPHVWLF SDUWQHU DQG
F GHSHQGDQWV RI WKDW SHUVRQ RU WKDW SHUVRQV VSRXVH RU GRPHVWLF SDUWQHU
Compensation LQFOXGHV DOO HPSOR\HH EHQHWV DV GHQHG LQ ,QG $6  Employee
%HQHWV LQFOXGLQJ HPSOR\HH EHQHWV WR ZKLFK ,QG $6  Share-based Payments,
DSSOLHV (PSOR\HH EHQHWV DUH DOO IRUPV RI FRQVLGHUDWLRQ SDLG SD\DEOH RU SURYLGHG
by the entity, or on behalf of the entity, in exchange for services rendered to the
HQWLW\ ,W DOVR LQFOXGHV VXFK FRQVLGHUDWLRQ SDLG RQ EHKDOI RI D SDUHQW RI WKH HQWLW\
in respect of the entity. Compensation includes:
(a)

short-term employee benefits, such as wages, salaries and social security

FRQWULEXWLRQV SDLG DQQXDO OHDYH DQG SDLG VLFN OHDYH SURWVKDULQJ DQG ERQXVHV
(if payable within twelve months of the end of the period) and non-monetary
EHQHWV VXFK DV PHGLFDO FDUH KRXVLQJ FDUV DQG IUHH RU VXEVLGLVHG JRRGV RU
services) for current employees;

E SRVWHPSOR\PHQW EHQHWV VXFK DV SHQVLRQV RWKHU UHWLUHPHQW EHQHWV SRVW

employment life insurance and post-employment medical care;
F RWKHU ORQJWHUP HPSOR\HH EHQHWV LQFOXGLQJ ORQJVHUYLFH OHDYH RU VDEEDWLFDO
OHDYH MXELOHH RU RWKHU ORQJVHUYLFH EHQHWV ORQJWHUP GLVDELOLW\ EHQHWV DQG
if they are not payable wholly within twelve months after the end of the
SHULRG SURWVKDULQJ ERQXVHV DQG GHIHUUHG FRPSHQVDWLRQ
G WHUPLQDWLRQ EHQHWV DQG
(e)

share-based payment.

Key management personnel are those persons having authority and responsibility for
planning, directing and controlling the activities of the entity, directly or indirectly,
including any director (whether executive or otherwise) of that entity.
Government refers to government, government agencies and similar bodies whether
local, national or international.


$ government-related entity is an entity that is controlled, jointly controlled or

VLJQLFDQWO\ LQXHQFHG E\ D JRYHUQPHQW

7KH WHUPV FRQWURO DQG LQYHVWPHQW HQWLW\ MRLQW FRQWURO DQG VLJQLFDQW LQXHQFH
DUH GHILQHG LQ ,QG $6  ,QG $6  Joint Arrangements, DQG ,QG $6 
Investments in Associates and Joint Ventures, respectively and are used in this
6WDQGDUG ZLWK WKH PHDQLQJV VSHFLHG LQ WKRVH ,QG $6V



,Q FRQVLGHULQJ HDFK SRVVLEOH UHODWHG SDUW\ UHODWLRQVKLS DWWHQWLRQ LV GLUHFWHG WR WKH VXEVWDQFH
RI WKH UHODWLRQVKLS DQG QRW PHUHO\ WKH OHJDO IRUP



,Q WKH FRQWH[W RI WKLV 6WDQGDUG WKH IROORZLQJ DUH QRW UHODWHG SDUWLHV
D

WZR HQWLWLHV VLPSO\ EHFDXVH WKH\ KDYH D GLUHFWRU RU RWKHU PHPEHU RI NH\ PDQDJHPHQW
SHUVRQQHO LQ FRPPRQ RU EHFDXVH D PHPEHU RI NH\ PDQDJHPHQW SHUVRQQHO RI RQH
HQWLW\ KDV VLJQLFDQW LQXHQFH RYHU WKH RWKHU HQWLW\

E WZR MRLQW YHQWXUHUV VLPSO\ EHFDXVH WKH\ VKDUH MRLQW FRQWURO RI D MRLQW YHQWXUH
F

L  SURYLGHUV RI QDQFH

LL

LLL SXEOLF XWLOLWLHV DQG

LY GHSDUWPHQWV DQG DJHQFLHV RI D JRYHUQPHQW WKDW GRHV QRW FRQWURO MRLQWO\ FRQWURO
RU VLJQLFDQWO\ LQXHQFH WKH UHSRUWLQJ HQWLW\

WUDGH XQLRQV

VLPSO\ E\ YLUWXH RI WKHLU QRUPDO GHDOLQJV ZLWK DQ HQWLW\ HYHQ WKRXJK WKH\ PD\ DHFW
WKH IUHHGRP RI DFWLRQ RI DQ HQWLW\ RU SDUWLFLSDWH LQ LWV GHFLVLRQPDNLQJ SURFHVV

G D FXVWRPHU VXSSOLHU IUDQFKLVRU GLVWULEXWRU RU JHQHUDO DJHQW ZLWK ZKRP DQ HQWLW\
WUDQVDFWV D VLJQLFDQW YROXPH RI EXVLQHVV VLPSO\ E\ YLUWXH RI WKH UHVXOWLQJ HFRQRPLF
GHSHQGHQFH


,Q WKH GHQLWLRQ RI D UHODWHG SDUW\ DQ DVVRFLDWH LQFOXGHV VXEVLGLDULHV RI WKH DVVRFLDWH DQG D
MRLQW YHQWXUH LQFOXGHV VXEVLGLDULHV RI WKH MRLQW YHQWXUH 7KHUHIRUH IRU H[DPSOH DQ DVVRFLDWHV
VXEVLGLDU\ DQG WKH LQYHVWRU WKDW KDV VLJQLFDQW LQXHQFH RYHU WKH DVVRFLDWH DUH UHODWHG WR
HDFK RWKHU

Disclosures
$OO HQWLWLHV

5HODWLRQVKLSV EHWZHHQ D SDUHQW DQG LWV VXEVLGLDULHV VKDOO EH GLVFORVHG LUUHVSHFWLYH
RI ZKHWKHU WKHUH KDYH EHHQ WUDQVDFWLRQV EHWZHHQ WKHP $Q HQWLW\ VKDOO GLVFORVH WKH
QDPH RI LWV SDUHQW DQG LI GLHUHQW WKH XOWLPDWH FRQWUROOLQJ SDUW\ ,I QHLWKHU WKH
HQWLW\V SDUHQW QRU WKH XOWLPDWH FRQWUROOLQJ SDUW\ SURGXFHV FRQVROLGDWHG QDQFLDO
statements available for public use, the name of the next most senior parent that
does so shall also be disclosed.


7R HQDEOH XVHUV RI QDQFLDO VWDWHPHQWV WR IRUP D YLHZ DERXW WKH HHFWV RI UHODWHG SDUW\
UHODWLRQVKLSV RQ DQ HQWLW\ LW LV DSSURSULDWH WR GLVFORVH WKH UHODWHG SDUW\ UHODWLRQVKLS ZKHQ
FRQWURO H[LVWV LUUHVSHFWLYH RI ZKHWKHU WKHUH KDYH EHHQ WUDQVDFWLRQV EHWZHHQ WKH UHODWHG
SDUWLHV 7KLV LV EHFDXVH WKH H[LVWHQFH RI FRQWURO UHODWLRQVKLS PD\ SUHYHQW WKH UHSRUWLQJ HQWLW\
IURP EHLQJ LQGHSHQGHQW LQ PDNLQJ LWV QDQFLDO DQG RSHUDWLQJ GHFLVLRQV 7KH GLVFORVXUH RI
WKH QDPH RI WKH UHODWHG SDUW\ DQG WKH QDWXUH RI WKH UHODWHG SDUW\ UHODWLRQVKLS ZKHUH FRQWURO
H[LVWV PD\ VRPHWLPHV EH DW OHDVW DV UHOHYDQW LQ DSSUDLVLQJ DQ HQWLW\V SURVSHFWV DV DUH WKH
RSHUDWLQJ UHVXOWV DQG WKH QDQFLDO SRVLWLRQ SUHVHQWHG LQ LWV QDQFLDO VWDWHPHQWV 6XFK D
UHODWHG SDUW\ PD\ HVWDEOLVK WKH HQWLW\V FUHGLW VWDQGLQJ GHWHUPLQH WKH VRXUFH DQG SULFH RI
LWV UDZ PDWHULDOV DQG GHWHUPLQH WR ZKRP DQG DW ZKDW SULFH WKH SURGXFW LV VROG



7KH UHTXLUHPHQW WR GLVFORVH UHODWHG SDUW\ UHODWLRQVKLSV EHWZHHQ D SDUHQW DQG LWV VXEVLGLDULHV
LV LQ DGGLWLRQ WR WKH GLVFORVXUH UHTXLUHPHQWV LQ ,QG $6  DQG ,QG $6  Disclosure of
Interests in Other Entities



3DUDJUDSK  UHIHUV WR WKH QH[W PRVW VHQLRU SDUHQW 7KLV LV WKH UVW SDUHQW LQ WKH JURXS
DERYH WKH LPPHGLDWH SDUHQW WKDW SURGXFHV FRQVROLGDWHG QDQFLDO VWDWHPHQWV DYDLODEOH IRU
SXEOLF XVH



$Q HQWLW\ VKDOO GLVFORVH NH\ PDQDJHPHQW SHUVRQQHO FRPSHQVDWLRQ LQ WRWDO DQG IRU
each of the following categories:
D VKRUWWHUP HPSOR\HH EHQHWV
E SRVWHPSOR\PHQW EHQHWV
F RWKHU ORQJWHUP EHQHWV
G WHUPLQDWLRQ EHQHWV DQG
(e)

share-based payment.

$ ,I DQ HQWLW\ REWDLQV NH\ PDQDJHPHQW SHUVRQQHO VHUYLFHV IURP DQRWKHU HQWLW\ WKH
PDQDJHPHQW HQWLW\ WKH HQWLW\ LV QRW UHTXLUHG WR DSSO\ WKH UHTXLUHPHQWV LQ
SDUDJUDSK  WR WKH FRPSHQVDWLRQ SDLG RU SD\DEOH E\ WKH PDQDJHPHQW HQWLW\ WR
WKH PDQDJHPHQW HQWLW\V HPSOR\HHV RU GLUHFWRUV


,I DQ HQWLW\ KDV KDG UHODWHG SDUW\ WUDQVDFWLRQV GXULQJ WKH SHULRGV FRYHUHG E\ WKH
QDQFLDO VWDWHPHQWV LW VKDOO GLVFORVH WKH QDWXUH RI WKH UHODWHG SDUW\ UHODWLRQVKLS
as well as information about those transactions and outstanding balances,
LQFOXGLQJ FRPPLWPHQWV QHFHVVDU\ IRU XVHUV WR XQGHUVWDQG WKH SRWHQWLDO HHFW RI
WKH UHODWLRQVKLS RQ WKH QDQFLDO VWDWHPHQWV 7KHVH GLVFORVXUH UHTXLUHPHQWV DUH LQ
DGGLWLRQ WR WKRVH LQ SDUDJUDSK  $W D PLQLPXP GLVFORVXUHV VKDOO LQFOXGH
(a)

the amount of the transactions;

(b)

the amount of outstanding balances, including commitments, and:

(i)

their terms and conditions, including whether they are secured, and the
nature of the consideration to be provided in settlement; and

(ii)

details of any guarantees given or received;

(c)

provisions for doubtful debts related to the amount of outstanding balances;

and

(d)

the expense recognised during the period in respect of bad or doubtful debts
due from related parties.

$ $PRXQWV LQFXUUHG E\ WKH HQWLW\ IRU WKH SURYLVLRQ RI NH\ PDQDJHPHQW SHUVRQQHO
services that are provided by a separate management entity shall be disclosed.


7KH GLVFORVXUHV UHTXLUHG E\ SDUDJUDSK  VKDOO EH PDGH VHSDUDWHO\ IRU HDFK RI WKH
following categories:
(a)

the parent;

E HQWLWLHV ZLWK MRLQW FRQWURO RI RU VLJQLFDQW LQXHQFH RYHU WKH HQWLW\
(c)

subsidiaries;

(d)

associates;

(e)

joint ventures in which the entity is a joint venturer;

(f)

key management personnel of the entity or its parent; and

(g)

other related parties.



7KH FODVVLFDWLRQ RI DPRXQWV SD\DEOH WR DQG UHFHLYDEOH IURP UHODWHG SDUWLHV LQ WKH GLHUHQW
FDWHJRULHV DV UHTXLUHG LQ SDUDJUDSK  LV DQ H[WHQVLRQ RI WKH GLVFORVXUH UHTXLUHPHQW LQ ,QG
$6  Presentation of Financial Statements IRU LQIRUPDWLRQ WR EH SUHVHQWHG HLWKHU LQ WKH
EDODQFH VKHHW RU LQ WKH QRWHV 7KH FDWHJRULHV DUH H[WHQGHG WR SURYLGH D PRUH FRPSUHKHQVLYH
DQDO\VLV RI UHODWHG SDUW\ EDODQFHV DQG DSSO\ WR UHODWHG SDUW\ WUDQVDFWLRQV



7KH IROORZLQJ DUH H[DPSOHV RI WUDQVDFWLRQV WKDW DUH GLVFORVHG LI WKH\ DUH ZLWK D UHODWHG SDUW\
D

SXUFKDVHV RU VDOHV RI JRRGV QLVKHG RU XQQLVKHG

E SXUFKDVHV RU VDOHV RI SURSHUW\ DQG RWKHU DVVHWV

F

UHQGHULQJ RU UHFHLYLQJ RI VHUYLFHV

G OHDVHV
H

WUDQVIHUV RI UHVHDUFK DQG GHYHORSPHQW

I

WUDQVIHUV XQGHU OLFHQFH DJUHHPHQWV

J WUDQVIHUV XQGHU QDQFH DUUDQJHPHQWV LQFOXGLQJ ORDQV DQG HTXLW\ FRQWULEXWLRQV LQ FDVK
RU LQ NLQG
K SURYLVLRQ RI JXDUDQWHHV RU FROODWHUDO



L

FRPPLWPHQWV WR GR VRPHWKLQJ LI D SDUWLFXODU HYHQW RFFXUV RU GRHV QRW RFFXU LQ WKH
IXWXUH LQFOXGLQJ H[HFXWRU\ FRQWUDFWV1 UHFRJQLVHG DQG XQUHFRJQLVHG

M

VHWWOHPHQW RI OLDELOLWLHV RQ EHKDOI RI WKH HQWLW\ RU E\ WKH HQWLW\ RQ EHKDOI RI WKDW UHODWHG
SDUW\ DQG

N

PDQDJHPHQW FRQWUDFWV LQFOXGLQJ IRU GHSXWDWLRQ RI HPSOR\HHV

3DUWLFLSDWLRQ E\ D SDUHQW RU VXEVLGLDU\ LQ D GHQHG EHQHW SODQ WKDW VKDUHV ULVNV EHWZHHQ
JURXS HQWLWLHV LV D WUDQVDFWLRQ EHWZHHQ UHODWHG SDUWLHV VHH SDUDJUDSK  RI ,QG $6 

  ,QG $6  Provisions, Contingent Liabilities and Contingent Assets, GHQHV H[HFXWRU\ FRQWUDFWV DV FRQWUDFWV
XQGHU ZKLFK QHLWKHU SDUW\ KDV SHUIRUPHG DQ\ RI LWV REOLJDWLRQV RU ERWK SDUWLHV KDYH SDUWLDOO\ SHUIRUPHG WKHLU
REOLJDWLRQV WR DQ HTXDO H[WHQW



'LVFORVXUHV WKDW UHODWHG SDUW\ WUDQVDFWLRQV ZHUH PDGH RQ WHUPV HTXLYDOHQW WR WKRVH WKDW
SUHYDLO LQ DUPV OHQJWK WUDQVDFWLRQV DUH PDGH RQO\ LI VXFK WHUPV FDQ EH VXEVWDQWLDWHG



,WHPV RI D VLPLODU QDWXUH PD\ EH GLVFORVHG LQ DJJUHJDWH H[FHSW ZKHQ VHSDUDWH
disclosure is necessary for an understanding of the effects of related party
WUDQVDFWLRQV RQ WKH QDQFLDO VWDWHPHQWV RI WKH HQWLW\

$

'LVFORVXUH RI GHWDLOV RI SDUWLFXODU WUDQVDFWLRQV ZLWK LQGLYLGXDO UHODWHG SDUWLHV ZRXOG IUHTXHQWO\
EH WRR YROXPLQRXV WR EH HDVLO\ XQGHUVWRRG $FFRUGLQJO\ LWHPV RI D VLPLODU QDWXUH PD\ EH
GLVFORVHG LQ DJJUHJDWH E\ W\SH RI UHODWHG SDUW\ +RZHYHU WKLV LV QRW GRQH LQ VXFK D ZD\ DV
WR REVFXUH WKH LPSRUWDQFH RI VLJQLFDQW WUDQVDFWLRQV +HQFH SXUFKDVHV RU VDOHV RI JRRGV
DUH QRW DJJUHJDWHG ZLWK SXUFKDVHV RU VDOHV RI [HG DVVHWV 1RU D PDWHULDO UHODWHG SDUW\
WUDQVDFWLRQ ZLWK DQ LQGLYLGXDO SDUW\ LV FOXEEHG LQ DQ DJJUHJDWHG GLVFORVXUH

Government-related entities

$ UHSRUWLQJ HQWLW\ LV H[HPSW IURP WKH GLVFORVXUH UHTXLUHPHQWV RI SDUDJUDSK 
in relation to related party transactions and outstanding balances, including
commitments, with:
D D JRYHUQPHQW WKDW KDV FRQWURO RU MRLQW FRQWURO RI RU VLJQLFDQW LQXHQFH RYHU
the reporting entity; and
(b)



another entity that is a related party because the same government has
FRQWURO RU MRLQW FRQWURO RI RU VLJQLFDQW LQXHQFH RYHU ERWK WKH UHSRUWLQJ
entity and the other entity.

,I D UHSRUWLQJ HQWLW\ DSSOLHV WKH H[HPSWLRQ LQ SDUDJUDSK  LW VKDOO GLVFORVH WKH
following about the transactions and related outstanding balances referred to in
paragraph 25:
(a)

the name of the government and the nature of its relationship with the
UHSRUWLQJ HQWLW\ LH FRQWURO MRLQW FRQWURO RU VLJQLFDQW LQXHQFH

E WKH IROORZLQJ LQIRUPDWLRQ LQ VXFLHQW GHWDLO WR HQDEOH XVHUV RI WKH HQWLW\V
QDQFLDO VWDWHPHQWV WR XQGHUVWDQG WKH HHFW RI UHODWHG SDUW\ WUDQVDFWLRQV RQ
LWV QDQFLDO VWDWHPHQWV



L

WKH QDWXUH DQG DPRXQW RI HDFK LQGLYLGXDOO\ VLJQLFDQW WUDQVDFWLRQ DQG

(ii)

for other transactions that are collectively, but not individually,

VLJQLFDQW D TXDOLWDWLYH RU TXDQWLWDWLYH LQGLFDWLRQ RI WKHLU H[WHQW 7\SHV
RI WUDQVDFWLRQV LQFOXGH WKRVH OLVWHG LQ SDUDJUDSK 

,Q XVLQJ LWV MXGJHPHQW WR GHWHUPLQH WKH OHYHO RI GHWDLO WR EH GLVFORVHG LQ DFFRUGDQFH ZLWK
WKH UHTXLUHPHQWV LQ SDUDJUDSK E WKH UHSRUWLQJ HQWLW\ VKDOO FRQVLGHU WKH FORVHQHVV RI WKH
UHODWHG SDUW\ UHODWLRQVKLS DQG RWKHU IDFWRUV UHOHYDQW LQ HVWDEOLVKLQJ WKH OHYHO RI VLJQLFDQFH
RI WKH WUDQVDFWLRQ VXFK DV ZKHWKHU LW LV
D

VLJQLFDQW LQ WHUPV RI VL]H

E FDUULHG RXW RQ QRQPDUNHW WHUPV

F

RXWVLGH QRUPDO GD\WRGD\ EXVLQHVV RSHUDWLRQV VXFK DV WKH SXUFKDVH DQG VDOH RI
EXVLQHVVHV

G GLVFORVHG WR UHJXODWRU\ RU VXSHUYLVRU\ DXWKRULWLHV

H

UHSRUWHG WR VHQLRU PDQDJHPHQW

I

VXEMHFW WR VKDUHKROGHU DSSURYDO

$SSHQGL[ 
Note: This Appendix is not a part of the Indian Accounting Standard. The purpose of this Appendix
LV RQO\ WR EULQJ RXW WKH PDMRU GLHUHQFHV LI DQ\ EHWZHHQ ,QGLDQ $FFRXQWLQJ 6WDQGDUG ,QG
AS) 24 and the corresponding International Accounting Standard (IAS) 24, Related Party
Disclosures, issued by the International Accounting Standards Board.
&RPSDULVRQ ZLWK ,$6  Related Party Disclosures

,Q WKH ,QG $6  GLVFORVXUHV ZKLFK FRQLFW ZLWK FRQGHQWLDOLW\ UHTXLUHPHQWV RI VWDWXWH
UHJXODWLRQV DUH QRW UHTXLUHG WR EH PDGH VLQFH $FFRXQWLQJ 6WDQGDUGV FDQ QRW RYHUULGH OHJDO
UHJXODWRU\ UHTXLUHPHQWV 3DUDJUDSKV $ DQG % RI ,QG $6 


3DUDJUDSK $ KDV EHHQ LQFOXGHG LQ WKH ,QG $6  ,W SURYLGHV DGGLWLRQDO FODULILFDWRU\
JXLGDQFH UHJDUGLQJ DJJUHJDWLRQ RI WUDQVDFWLRQV IRU GLVFORVXUH



'LHUHQW WHUPLQRORJ\ LV XVHG LQ WKLV VWDQGDUG HJ WKH WHUP EDODQFH VKHHW LV XVHG LQVWHDG
RI 6WDWHPHQW RI QDQFLDO SRVLWLRQ



3DUDJUDSK  KDV EHHQ PRGLILHG WR H[SODLQ WKH UDWLRQDOH IRU GLVFORVLQJ UHODWHG SDUW\
UHODWLRQVKLS ZKHQ FRQWURO H[LVWV



,Q SDUDJUDSK  DQ H[DPSOH RI UHODWHG SDUW\ WUDQVDFWLRQ N PDQDJHPHQW FRQWUDFWV LQFOXGLQJ
IRU GHSXWDWLRQ RU HPSOR\HHV KDV EHHQ DGGHG



'HQLWLRQ RI FORVH PHPEHUV RI WKH IDPLO\ RI D SHUVRQ LQ SDUDJUDSK  KDV EHHQ DPHQGHG
WR LQFOXGH EURWKHU VLVWHU IDWKHU DQG PRWKHU LQ WKH FDWHJRU\ RI IDPLO\ PHPEHUV ZKR PD\ EH
H[SHFWHG WR LQXHQFH RU EH LQXHQFHG